20
Thu, Jul
62 New Articles

Latest News and Briefings

Grid List

Schoenherr has advised Kronberg International on the acquisition of Mall Varna EAD from Raiffeisen Bank International AG. Deloitte Legal advised RBI on the deal, which closed in Q2, 2017. The purchase price was not disclosed.

Chajec, Don-Siemion & Zyto has advised a private equity fund managed by Value Quest Sp. z o.o. on its acquisition of 100% shares in TTComm S.A., a prominent provider of satellite services in Central and Eastern Europe, from TTComm International B.V. The sellers were advised by Plopper & Partners, a US law firm.

Zivkovic Samardzic is reporting a successful representation of Dan Graf d.o.o. — the publisher of the Belgrade-based Danas newspaper — and Danas' former Editor in Chief against a civil defamation claim brought by Djordje Vukadinovic, a member of the Serbian parliament and Editor of the Nova Srpska Politicka Misao periodical.

Binder Groesswang has advised the Italian firm Pioneer Global Asset Management S.p.A. on the sale of its Austrian subsidiary Pioneer Investments Austria GmbH to the Amundi Group, headquartered in France.

Zivkovic Samardzic is reporting that it successfully represented Veran Matic, Chairman of the Serbian Commission responsible for investigating killings of journalists, in a complaint to the Press Council about an article published by Serbia's Politika newspaper.

Wolf Theiss and Linklaters have assisted Raiffeisen Bank International with its issuance of EUR 650 million 6.125% AT1 notes. The banking consortium of Citigroup, Bank of America Merril Lynch, BNP Paribas, and UBS Investment Bank received legal advice from Freshfields.

Maravela | Asociatii has announced that Alexandra Rimbu, who left the firm in 2013, has now rejoined the firm as Partner.

Eterna Law has announced the establishment of a public procurement practice, which it describes as "the first practice of its kind in the Ukrainian legal market."

Andersen Global has initiated its presence in Turkey by way of a collaboration agreement with Nazali Tax & Legal, a tax and legal consultancy firm founded in 2015 by Managing Partner Ersin Nazali with locations in Istanbul, Ankara, Izmir, and Bursa. 

Havel, Holasek & Partners has appointed firm lawyers Jan Frey and Petr Sprinz to partner.

CMS has announced that its environmental team will be led going forward by Agnieszka Skorupinska, a Polish-qualified advocate with 10 years’ experience in Polish and European environmental protection law and natural resources law.

Sorainen has reported that Norman Aas, the former Estonian State Prosecutor-General and Secretary-General of the Estonian Ministry of Justice, has joined the firm to lead its white-collar crime investigation practice.  

"Compliance work is pretty in at the moment,” says Felix Hoerlsberger, Partner at Dorda in Vienna, “especially involving the GDPR.” The regulation famously becomes applicable on May 25 of next year, but Hoerlsberger notes that in order to be compliant companies are already under pressure, as they "have to have full documentation of what processes they're performing, complete privacy impact assessments (PIAs), and potentially consult with local regulators where there are any difficulties or high-risk processing ongoing.”

Along with the reason provided in art. 509 par. (1) (1) of the Code of Civil Procedure, the reason for the review discussed in this article is perhaps the most common in practice due to multiple interpretative possibilities, but also because it is apparently much more accessible than the other grounds for review, which are more rigid in interpretation. In the majority of cases, however, reviewers are basically trying to resume the fund by invoking a seemingly new document that does not meet the requirements of the law to underpin the review of a judgment. 

As of 1 July 2017, an amendment to the Bankruptcy and Liquidation Proceedings Act will enter into force, aiming at close the loopholes and consolidating the case law. The amendment clarifies the provisions on the disputing of the claim by the debtor and on the statutory requirements of the payment reminder to be sent by the creditor. The regulations on the option right and the transfer of rights and claims for security purposes will also be amended.

In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Economy (“Ministry”). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette. 

Nowadays, Electronic Commerce (“E-Commerce”) continues to rapidly become the platform where consumer habits are most consantrated.  In line with rapid developments on technology, devices and online platforms are getting to know their users more closely.

The Law No. 5846 on Intellectual and Artistic Works ("IP Law") is the main legislation in Turkey that is applicable to copyright related matters. In early May, Ministry of Culture and Tourism’s General Directorate of Copyrights shared on their website a Draft Law Amending the Law No. 5846 on Intellectual and Artistic Works ("Draft Law") and announced that the proposed amendments are open for public opinion.

More Stories

Grid List

“The Buzz in Hungary,” according to Wolf Theiss Budapest Partner Janos Toth, “is two things: The recent activity in the solar energy sector in the country and work resulting from new legislation within the EU for data protection and anti-money laundering.”  

The Deal:  On December 8, 2016, CEE Legal Matters reported that Wolf Theiss had advised the EBRD on its issuance of RSD 2.5 trillion Floating Rate Bonds due December 2019. AP Legal advised Raiffeisen Banka A.D., Beograd, acting as underwriter for the issuance, and Harrisons advised marketing agent Citigroup Global Markets Limited. 

On May 3, 2017, CEE Legal Matters reported that facility management company Mundus Services – a joint venture of EMPower Capital and KJK Capital – had acquired engineering solutions and services company VM Automation from VM Finance Group in Bulgaria. Stanislav Nikolaev, Operating Partner for EMPower Capital, agreed to answer our questions about the deal.